TRUST IN US: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
TRUST IN US
Largest movements
- Tangible fixed assets -€29,221
down €29,221 (-5.6%), from €523,734 to €494,513
of which Land and buildings: -€26,205
- Intangible fixed assets -€22,500
down €22,500 (-66.7%), from €33,750 to €11,250
- Deferred charges and accrued income -€10,837
down €10,837 (-60.4%), from €17,944 to €7,107
- Profit (loss) carried forward -€65,903
no longer reported in 2025 (was €65,903)
- Debts after one year -€58,282
down €58,282 (-13.9%), from €419,658 to €361,376
- Other debts +€42,640
up €42,640 (+493%), from €8,644 to €51,284
- Tax, wage and social debts +€17,076
up €17,076 (+43.9%), from €38,862 to €55,937
of which Taxes: +€20,300
- Reserves +€8,119
up €8,119 (+28.0%), from €29,024 to €37,143
- Gross operating margin +€27,390
up €27,390 (+8.0%), from €341,004 to €368,394
- Other operating charges -€9,613
down €9,613 (-45.1%), from €21,321 to €11,707
- Staff costs +€8,268
up €8,268 (+3.8%), from €216,438 to €224,706
- Financial charges +€6,703
up €6,703 (+13.0%), from €51,495 to €58,198
- Taxes +€3,729
up €3,729 (+46.6%), from €7,999 to €11,728
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €638,432 | €580,409 | -€58,023 | -9.1% |
| Fixed assets | 21/28 | €557,484 | €505,763 | -€51,721 | -9.3% |
| Intangible fixed assets | 21 | €33,750 | €11,250 | -€22,500 | -66.7% |
| Tangible fixed assets | 22/27 | €523,734 | €494,513 | -€29,221 | -5.6% |
| Land and buildings | 22 | €514,649 | €488,444 | -€26,205 | -5.1% |
| Furniture and vehicles | 24 | €9,085 | €6,069 | -€3,016 | -33.2% |
| Current assets | 29/58 | €80,949 | €74,646 | -€6,303 | -7.8% |
| Amounts receivable within one year | 40/41 | €46,101 | €44,931 | -€1,170 | -2.5% |
| Trade receivables | 40 | €44,350 | €44,931 | +€581 | +1.3% |
| Other amounts receivable | 41 | €1,751 | - | -€1,751 | |
| Cash at bank and in hand | 54/58 | €16,904 | €22,608 | +€5,704 | +33.7% |
| Deferred charges and accrued income | 490/1 | €17,944 | €7,107 | -€10,837 | -60.4% |
| Total equity and liabilities | 10/49 | €638,432 | €580,409 | -€58,023 | -9.1% |
| Equity | 10/15 | €101,127 | €43,343 | -€57,784 | -57.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €29,024 | €37,143 | +€8,119 | +28.0% |
| Distributable reserves | 133 | €29,024 | €37,143 | +€8,119 | +28.0% |
| Profit (loss) carried forward | 14 | €65,903 | - | -€65,903 | |
| Amounts payable | 17/49 | €537,305 | €537,066 | -€240 | 0.0% |
| Amounts payable after more than one year | 17 | €419,658 | €361,376 | -€58,282 | -13.9% |
| Financial debts | 170/4 | €419,658 | €361,376 | -€58,282 | -13.9% |
| Amounts payable within one year | 42/48 | €117,647 | €175,690 | +€58,042 | +49.3% |
| Current portion of amounts payable after more than one year | 42 | €60,531 | €58,282 | -€2,249 | -3.7% |
| Trade debts | 44 | €9,611 | €10,187 | +€576 | +6.0% |
| Suppliers | 440/4 | €9,611 | €10,187 | +€576 | +6.0% |
| Taxes, remuneration and social security | 45 | €38,862 | €55,937 | +€17,076 | +43.9% |
| Taxes | 450/3 | €5,909 | €26,209 | +€20,300 | +344% |
| Remuneration and social security | 454/9 | €32,953 | €29,728 | -€3,225 | -9.8% |
| Other amounts payable | 47/48 | €8,644 | €51,284 | +€42,640 | +493% |
| Remuneration, social security and pensions | 62 | €216,438 | €224,706 | +€8,268 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,380 | €54,150 | -€1,230 | -2.2% |
| Other operating charges | 640/8 | €21,321 | €11,707 | -€9,613 | -45.1% |
| Gross operating margin | 9900 | €341,004 | €368,394 | +€27,390 | +8.0% |
| Operating profit (loss) | 9901 | €47,865 | €77,830 | +€29,965 | +62.6% |
| Financial income | 75/76B | €0 | €215 | +€215 | +1,072,600% |
| Recurring financial income | 75 | €0 | €215 | +€215 | +1,072,600% |
| Financial charges | 65/66B | €51,495 | €58,198 | +€6,703 | +13.0% |
| Recurring financial charges | 65 | €51,495 | €58,198 | +€6,703 | +13.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,629 | €19,847 | +€23,477 | |
| Income taxes | 67/77 | €7,999 | €11,728 | +€3,729 | +46.6% |
| Profit (loss) for the period | 9904 | -€11,629 | €8,119 | +€19,748 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,629 | €8,119 | +€19,748 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.